Buy Hold Sell: 5 burning issues for the banks
Three of the four major banks released full-year results last week while CBA released its quarterly trading update. Regardless of your view on the big banks, it’s hard to ignore them as an Australian investor. They’re now the four largest companies on the ASX and combined have a weighting of over 25% of the index. Expectations were lower than they’ve been in a long time, with most analysts expecting a pick-up in bad debts. However, there was some good news with cost discipline being a major positive to emerge. In this special feature, we ask three fund managers who cover the sector to share their views on five burning issues facing the banks today. We also find out which bank they would buy if they had to pick just one. Watch the video to hear the views of Hugh Dive from Aurora Funds, Omkar Joshi from Watermark Funds, and Matt Haupt from Wilson Asset Management.
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Buy Hold Sell is a weekly video series exclusive to Livewire. In each episode two fund managers give their views 'Buy, Hold or Sell' on five ASX listed companies. Not recommendations, please read the disclaimer and seek advice where appropriate.